When I wrote my last article about Bitcoin it was sitting at US$13,807 and the price right now is US$13,502. A drop of around 2.5% isn’t much to write home about, but it is on top of more losses from the high of US$19,500 a few weeks ago.
The price has actually risen from New Year’s Day, when the price was almost US$13,000. However, it’s the slow-and-steady decline back towards $10,000 that could see many retail investors rush for the exits. Why hold a speculation tool if it’s losing money?
The Bitcoin decline could be due to cryptocurrency investors moving onto potentially better things. Bitcoin cash, Ethereum, Litecoin and some others offer potentially better futures than Bitcoin…
Read more: Yahoo.com, January 2, 2018